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Follow-on LC Nueva Momentum Fund 1 builds on the success of LC Nueva AIF to back high-performing portfolio companies of Fund 1
Total platform deployment underscores disciplined execution and strong investor confidence
National,11th May 2026: LC Nueva Investment Partners announced the successful closure* of the LC Nueva Momentum Fund 1, marking a key milestone in its strategy of investing in high-performing portfolio companies. With this, the organisation has fully raised and deployed ~USD 54+ Mn (INR 500 crore) across its flagship LC Nueva AIF and LC Nueva Momentum strategy, underscoring strong investor confidence and consistent execution. LC Nueva Investment Partners is a partnership between global investment institution Lighthouse Canton and Delhi-based Nueva Capital.
Following the successful closure of the LC Nueva AIF at ~USD 42 Mn (INR 350 Crore) in 2023, the LC Nueva Momentum Fund 1 was launched as a follow-on strategy to further capitalise on the existing portfolio winners. The fund is designed to primarily invest in emerging winners from the LC Nueva AIF, while also leveraging the platform’s ecosystem to access adjacent opportunities and secondary transactions in high-quality businesses.
LC Nueva Momentum Fund 1 concentrates capital in businesses with demonstrated execution capabilities and scalable models, while selectively participating in secondary opportunities at attractive entry valuations. The strategy aims to deliver superior risk-adjusted returns over a relatively shorter investment horizon.
Sohil Chand, Founding Partner and CIO, LC Nueva AIF, said, “The LC Nueva Momentum Fund 1 enables us to double down on top-performing companies while selectively accessing secondary opportunities at attractive valuations. We have invested in 11 companies from LC Nueva Momentum fund 1 and within the first year of deployment, we are already tracking a strong MOIC on concluded investments. This underscores our disciplined approach and commitment to delivering value for our investors despite market volatility.”
Sumegh Bhatia, MD & CEO, India, Lighthouse Canton, added, “The successful final close of the LC Nueva Momentum Fund 1 marks an important evolution in our India strategy. Building on the LC Nueva AIF, this follow-on strategy allows us to scale our support for high-performing companies while efficiently deploying capital where we have strong conviction and visibility.”
In conjunction with the fund closure, LC Nueva has elevated Karan Gala to Partner. Karan has been with the platform since inception, leading investments across Financial Services, Consumer, and B2B sectors.
Ashish Chand, Founding Partner, LC Nueva AIF said “The LC Nueva Momentum Fund 1s’ successful closure is a testament to the disciplined, conviction-led approach we have built as a team. Karan’s elevation to Partner reflects the depth of talent we have developed within the platform. We remain focused on backing India’s most promising businesses for the long term.”
LC Nueva AIF which closed in 2023 has backed a diversified portfolio of ~30 high-growth companies across fintech, consumer / consumer tech, and B2B businesses. Select portfolio companies across the LC Nueva platform include Rusk Media, Grip Invest, Bimapay, Internshala, RecurClub, Redcliffe Diagnostics, Tanvi Beverages, UnORG, Namdev, Hindon, TABP, Buyume, High Street Essentials (Indya) amongst others.
Operating within the broader Lighthouse Canton platform, which manages over USD 5 billion AUM globally, LC Nueva combines institutional rigour with an operator-led approach. With both funds fully deployed, LC Nueva will continue to actively support its portfolio companies through their next phase of growth, while focusing on value realization through public market block deals, strategic exits, and secondary transactions over the investment horizon.
*The LC Nueva Momentum Fund 1 was closed on 25th February, 2026.
